So, another Sunday night GLOBEX session way up, and another new high for the entire 'bull' market, as 1180 bites the dust.

Now, notice when this hit that potential support area I was, once again, ready to get back on the long side bias. And once again we are at new highs for the move. That was some 15 points ago already. My point is, my approach is to lean on the long side until it breaks. Will we see 1,400 soon? Maybe. Could that high tick at 1180.50 there be the highest price the ES trades at for the next ten years? Possibly. Anything can happen. But, what do the odds favor? Which way is the trend? Is the trend your friend? Do you say that, but then fight the trend endlessly? Me, I'm always about my saying: "I'm goin' with the flowin'"

If they take this level out (I suspect they will), it should create a nice little flush. But be aware, if they want to run this up, they would most likely drop it here to sweep the stops, do a little 1.128 or 1.272 off this little bump up here, and then gun it.

Originally posted by jimkane

Interesting how 84 half stopped it dead, huh? For almost 20 minutes now. The area is as important as I suspected it would be.

It now has this nice little ABCD at .382 against it so it should be doomed:

Originally posted by jimkane

If they take this level out (I suspect they will)...

And they did.

No one again today...

Did everyone see the LOD was dead on an obvious ML lower //? .300/.447 area? .886? 1.272? GLOBEX spike line? GLOBEX natural set division line (this was sweet)? Much more? Back to support and up like a shot. As usual.

Silver and gold are just continuing to be awesome. There's always action somewhere.

Jim - today's HOD lies in the area of potential completion of EXP ABCD. Would you consider it valid despite relatively big retracement of preceding drop?

Well, from a technical KT perspective it surely could be a 'W2' if that's a top, or possibly a BC leg of a bigger ABCD.

Notice the 1.000 ABCD, to the tick, in the CD leg, with a flat ABCD in its BC leg. Note that ABCD's in CD legs are only an issue for me in zigzag (standard) ABCD's.

This 83 area here is a key spot for this. Big clue time.

83 bounce and roll would be a big clue, IMO.

Originally posted by jimkane

... Silver and gold are just continuing to be awesome...

Gold is most probably in a Wave 3 of the move off that big ABCD. Wave 2 of this move was also a classic abcd itself:

Originally posted by jimkane

Well, from a technical KT perspective it surely could be a 'W2' if that's a top, or possibly a BC leg of a bigger ABCD...

With so many bulls waiting to unload at 1200 and beyond wouldn't now be a good time for them to take some heat?

came in from my garden and saw i got ''boinked''!after first swing down, i move stop to break even, willing to give them the comish...